SOURCE: NuMobile, Inc.

NuMobile, Inc.

August 31, 2010 09:00 ET

(NUBL) NuMobile Releases Webcast on Second Quarter Highlights Including 30% Gross Margins

CARY, NC--(Marketwire - August 31, 2010) - NuMobile, Inc. (OTCBB: NUBL) today announced that the Company has released an on-demand Webcast presentation reviewing highlights from its second quarter 2010 financial results. NuMobile is a fully-reporting public company listed on the Over-the-Counter Bulletin Board. Highlights reviewed in the Webcast include an over 30% gross margin for both second quarter 2010 revenue and revenue for the first six months of 2010. NuMobile reported $274,000 in sales for the first six months of 2010 with the majority of those sales coming in the second quarter. 

Last year, NuMobile completed the acquisitions of Stonewall Networks, Inc. (http://www.stonewallnetworks.com/) and Enhance Network Communication, Inc. (http://enetcom.net/), software companies with proprietary technology focused on mobile network security. NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. Notably, the Company recently signed a letter of intent to acquire a mobile cash operation in East Africa that is currently generating approximately $5 million in annual revenue.

A link to the second quarter review Webcast is available on the corporate website Investor Relations page at www.numobileinc.com.

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About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • Contact:
    NuMobile, Inc.
    Investor Relations
    214-722-3042